Alpine Productions uses a standard cost system for recording transactions.Alpine reported the following data for the year ended December 31:
Sales revenues: $700,000
Cost of goods sold (standard costing): $382,500
Selling & administrative expenses: $100,000
Variances:

What is the net operating income on a standard cost income statement?

Question

Alpine Productions uses a standard cost system for recording transactions.Alpine reported the following data for the year ended December 31:
Sales revenues: $700,000
Cost of goods sold (standard costing): $382,500
Selling & administrative expenses: $100,000
Variances:

What is the net operating income on a standard cost income statement?

Quizplus · Accepted Answer

B)
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Alpine Productions Uses a Standard Cost System for Recording Transactions